GBP/USD Tests 100-Hour Moving Average And Rebounds

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GBP/USD Tests 100-Hour Moving Average And Rebounds

By Greg Michalowski on March 25, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The GBP/USD has tested the 100 hour MA over the last two months. The current level comes in at the 1.4560. In the last two hours, the price has fallen below the key level reaching a low of 1.4543, but each time, the price rebounded and closed the hour above the key moving average. As a result the bias is to the upside for the pair.

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